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Jan 16, 2013
01/13
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a new day for the president and he will have to decide whether to use that authority to rescue the economy from catastrophe. i can see why the president would be restrained on it. he wants to negotiate number one. he wants congress to be responsible, number two. you know, in the past, the debt ceiling was an opportunity for grand standing by both parties. in fact, senator obama voted against the debt ceiling increase. but it's been weaponized now. it has gone beyond grand standing into lectures on fiscal responsibility to justify -- go ahead. >> i see that and i absolutely -- i understand that. but one of your colleagues yesterday, tom grays of georgia, says the president is wrong to think that the debt ceiling increase is a rubber stamp. those days are over. this is one of the last stop signs left and congress should use it. can't you see why some members of congress and many people in the general population feel that way. i mean, why -- you know, they feel, we have tried everything else but we can't get congress, washington, to listen to the imperatives on spending cuts and so, can't you
a new day for the president and he will have to decide whether to use that authority to rescue the economy from catastrophe. i can see why the president would be restrained on it. he wants to negotiate number one. he wants congress to be responsible, number two. you know, in the past, the debt ceiling was an opportunity for grand standing by both parties. in fact, senator obama voted against the debt ceiling increase. but it's been weaponized now. it has gone beyond grand standing into lectures...
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Jan 21, 2013
01/13
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its performance is not really tied into the uk economy. you have to start looking at the second and the third tier of the uk companies. we need to also look at the credit markets. the nonfinancials are very, very safe names. they tend to overperform in a rally. as a result, when drawing comparisons between the uk and the nonuk, one needs to be aware of the fact that we're not comparing like for like. >> final point, just what are your favorite ideas? what do you think happens with trades in the next, say, four to six weeks? >> i think certainly going into the end of january, we continue to rally. i wouldn't get in the way of the risk on sentiment seems very, very potent. after that, i get really concerned, indeed. i think the talks in the u.s. about the debt ceiling combined with spanish gdp coming out, my worries about german gdp, uk numbers at the end of this week, i think it is a rather unpleasant cocktail which is brewing. the last time, the story in the u.s. did stop the rally in its tracks. combined with bad news possibly later in th
its performance is not really tied into the uk economy. you have to start looking at the second and the third tier of the uk companies. we need to also look at the credit markets. the nonfinancials are very, very safe names. they tend to overperform in a rally. as a result, when drawing comparisons between the uk and the nonuk, one needs to be aware of the fact that we're not comparing like for like. >> final point, just what are your favorite ideas? what do you think happens with trades...
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Jan 21, 2013
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what does the president need to do, what can he do to get the economy growing? >> well, look, in the near term what he needs to do, and i'm not sure politically -- forget about the politics, which is is interesting. he told his staff, give me good advice, forget about politics for now. i think that makes sense. i think he's in a similar space to where you're asking. i think what he needs to do in the short term is think about fiscal measures to help complement what the federal reserve is doing. they have the pedal to the metal on interest rates. they're very low. absent more demand on the consumer side, obviously low interest rate isn't going to be enough. so he has to do some of these jobs measures and you have actually seen some of those slipping into the budget bills. infrastructure is something he'd really like to see more of. >> chuck, even if republicans have backed away on debt limit as a potential threat, do you really think that they're going to cooperate on stimulus as jared is recommending? >> no, i think that's probably a bridge too far. i do think t
what does the president need to do, what can he do to get the economy growing? >> well, look, in the near term what he needs to do, and i'm not sure politically -- forget about the politics, which is is interesting. he told his staff, give me good advice, forget about politics for now. i think that makes sense. i think he's in a similar space to where you're asking. i think what he needs to do in the short term is think about fiscal measures to help complement what the federal reserve is...
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Jan 14, 2013
01/13
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fuel economy, cafe, and people's driving habits. more conscious fuel economy. we see a small growing small car segment. as p gr as /* people want the functionality that shows their personality and we believe this does that. >> is the bounce back, as far as recovering from the economy and u.s. sales. >> i think the playing field is level. we are starting the year with good inventory. same time last year we didn't have good inventory. this year it is a level play be field. we think we have tail wind as an industry going into the year. age of the car fleet. 11 plus years. all of those things. we think everybody is breaking great new product to market. we think that will stimulate as well. >> you are in california. you are seeing sales way above the national average in terms of increases there. does that pretend that rest of the country follows in 2013-14. >> historically we looked to the coast, california and new york, as bell weathers for the rest of the nation. if that pattern stays true, yes, we think that that result could come across the u.s. and we could get
fuel economy, cafe, and people's driving habits. more conscious fuel economy. we see a small growing small car segment. as p gr as /* people want the functionality that shows their personality and we believe this does that. >> is the bounce back, as far as recovering from the economy and u.s. sales. >> i think the playing field is level. we are starting the year with good inventory. same time last year we didn't have good inventory. this year it is a level play be field. we think we...
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Jan 15, 2013
01/13
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economy. >>> and jump t to the top of the ftse 100 after third quarter revenue beat the forecast, burberry had earnings higher than expected. >>> all right. sorted out my mike issues. "worldwide exchange" is slightly different today because we're analyzing the first german gdp numbers. >> and i come to the u.s. where it's all annualized and we stick to the european data and it's quarter on quarter. given the context, we're still working through what all that means. >> exports in november, down 94.1 billion is where we essentially went. 98.4 billion was the october numbers. so exports in november driving down. and that gdp number is worth pulling out. exports for the year, up 4.1%. as far as production is concerned, it was up 2% in november. but the forecast were for it to rise up 1%. it was a very weak october, as well. it was this production and that production number. when that came out, it essentially made people put a pretty fourth quarter in the whole, kelly. what we're trying to do is de
economy. >>> and jump t to the top of the ftse 100 after third quarter revenue beat the forecast, burberry had earnings higher than expected. >>> all right. sorted out my mike issues. "worldwide exchange" is slightly different today because we're analyzing the first german gdp numbers. >> and i come to the u.s. where it's all annualized and we stick to the european data and it's quarter on quarter. given the context, we're still working through what all that...
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Jan 14, 2013
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economy. his comments will set the tone for a fed meeting scheduled for later in the month. >> it will be interesting to see how that jives with what we heard over the weekend, as well. . >>> also, following, apple's report is slashing orders for iphone 5 components because of weak demand. reports suggested the tech giant discussed cutting orders for its iphone. >>> president joe biden is delivering a recommendation on reducing gun voice to the president tomorrow. he said several proposals have broad support, including enforcing background checks and banning high capacity ammunition magazines. biden was asked to come up with the recommendations following the sandy hook shootings last month. >>> the debt ceiling dispute is heating up. the white house says congress can pay its bills or it can fail to act and put the nation into default. some reports suggest the government could run out of cash to pay all its bills as early as mid february. >> thanks for that. there's plenty to keep you entertain
economy. his comments will set the tone for a fed meeting scheduled for later in the month. >> it will be interesting to see how that jives with what we heard over the weekend, as well. . >>> also, following, apple's report is slashing orders for iphone 5 components because of weak demand. reports suggested the tech giant discussed cutting orders for its iphone. >>> president joe biden is delivering a recommendation on reducing gun voice to the president tomorrow. he...
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Jan 15, 2013
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economy st. at risk. it's tuesday, january 15th, 2013 and "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we've been watching the u.s. equity futures and at least at this point you can see they do look like they're indicated to open a little lower. right now, dow futures down by about 16 points below fair value. the s&p futures are about 2 points below fair value. we have some different nebs going on at the top of the screen than we do on that fair value board. we'll check on that, as well. >>> dell is said to be in talks with private companies in reports of a possible guyout. the journal says jpmorgan is involved in the negotiations. dell shares have been soaring near an eight-month high on first word of this news yesterday. you can see up about close to 2% to the premarket sales. 64 is the last dip. in other technology news, facebook is holing a press conference today. no word on what the big
economy st. at risk. it's tuesday, january 15th, 2013 and "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we've been watching the u.s. equity futures and at least at this point you can see they do look like they're indicated to open a little lower. right now, dow futures down by about 16 points below fair value. the s&p futures are about 2 points below...
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Jan 14, 2013
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economy. so guess what? the stock market is up as the consensus earnings estimate has come down. and so the bear aurchlt lacks an intellectual continuity where they were right on the earnings estimates come down, but they've goes to explain. so you think the as specs further identity are improving as we got past the tax cliff. we're going to get past the spending clip in an ugly way. you have to depend on washington, d.c. to give you some banana republic action before we get to the middle of 2013. but in the middle of 2013, we'll know what all of the rules are. and i think the capital spending orders are going to come back and reinforce the housing improvement that you described as well as a pretty good auto market. >> we are talking all day today because everybody got their paycheck and it is definitely smaller. it's always smaller t beginning of the year. but is there any way that there is a headwind from people just not having as much money? >> yes, there's a headwind for the economy and we
economy. so guess what? the stock market is up as the consensus earnings estimate has come down. and so the bear aurchlt lacks an intellectual continuity where they were right on the earnings estimates come down, but they've goes to explain. so you think the as specs further identity are improving as we got past the tax cliff. we're going to get past the spending clip in an ugly way. you have to depend on washington, d.c. to give you some banana republic action before we get to the middle of...
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Jan 14, 2013
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it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting, speaker boehner now, a finance ral disaster not only for us but for the worldwide economy. so we've got to pay our bills. and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. the last time republicans in congress even flirted with this idea our aaa credit
it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting, speaker boehner now, a finance ral disaster not only for us but for the worldwide economy. so we've got to pay our bills. and republicans...
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Jan 19, 2013
01/13
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i think he can tackle gun safety laws, immigration, of course continue to improve our economy so that we can get people back on their feet. i think what anna did this past weekend in williamsburg is very important. she was speaking to some of the most powerful republicans in the country. but if they don't listen to her message, they're in trouble. but we're going to fight. >> we've been waiting for four years on immigration reform. it was a promise president obama made he was going do his first year. we're hoepg it get hoping it g first year second term. >> hope soo toe some bipartisan work. >> go have a bipartisan meal right after this. >> ladies, nice to see you. thank you is so much. >> all right. this question, of course, when we come back, we'll be back a little later today, but up next, are your political leaders set to derail an economic recovery? a can't-miss edition of "your money." almost tastes like one of jack's cereals. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! yeah, this is pretty good. [ male announcer ] over a third o
i think he can tackle gun safety laws, immigration, of course continue to improve our economy so that we can get people back on their feet. i think what anna did this past weekend in williamsburg is very important. she was speaking to some of the most powerful republicans in the country. but if they don't listen to her message, they're in trouble. but we're going to fight. >> we've been waiting for four years on immigration reform. it was a promise president obama made he was going do his...
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Jan 21, 2013
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economy, obviously. you might have climate change. >> right. >> the foreign policy, the restructuring if you like of america's place in the world, taking on where barack obama has taken it so far. very interesting. perhaps leading from the back as he said in certain cases rather than from the front. i think the days of america having to be the global policeman should be over. what else do you see as priorities? >> immigration reform. the president feels strongly about we'll tackle this year. everyone out there understands our system is broken. and we need some fundamental restructuring of it. right thing to do. there's common sense agreement out in the states on how to do it. people putting politics aside. i think you will see the president in the second term work passionately across party lines on education to make the k-12 system the best in the world like the university system is. you hit the biggest one, that's the economy. we have to continue to take the steps -- >> does everything flow from the eco
economy, obviously. you might have climate change. >> right. >> the foreign policy, the restructuring if you like of america's place in the world, taking on where barack obama has taken it so far. very interesting. perhaps leading from the back as he said in certain cases rather than from the front. i think the days of america having to be the global policeman should be over. what else do you see as priorities? >> immigration reform. the president feels strongly about we'll...
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Jan 20, 2013
01/13
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we don't do that we will continue to have a low-growth economy with high unemployment. got to get our fiscal house in order. to me that is the biggest of all. >> havens, do you think, given the president any genuine sign they are willing to work with him? >> well, the decision to postpone a fight over the debt limit, that, of itself, was. they saved themselves from themselves, which i believe. but also a recognition the president has the upper hand on some things, can't fight him on everything. republicans need to be smarter. so, that was one sign right there, republicans are doing it. i also think if the senate can pass a birnlgt the house will have to act and then a real test of where the republicans are going to actually compromise at the end of the day. and i was at the republican retreat in williamsburg and i did an address to all house republicans and said your fight is not with john boehner, your fight is with james madison. he wrote this system this is the government we have. if you believe in the constitution, we have division of power. tough work within that t
we don't do that we will continue to have a low-growth economy with high unemployment. got to get our fiscal house in order. to me that is the biggest of all. >> havens, do you think, given the president any genuine sign they are willing to work with him? >> well, the decision to postpone a fight over the debt limit, that, of itself, was. they saved themselves from themselves, which i believe. but also a recognition the president has the upper hand on some things, can't fight him on...
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Jan 20, 2013
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the world is unraveling in front of us, the economy still in tough shape. president obama has a tough hand of cards to play here. >> congress is as popular as a root canal. only 7% of the american people have approvehood of congress. i think this president is going to get off to a great start tomorrow. congratulations, barack obama, the people are very excited to be here in washington, d.c. >> congratulations. on that we agree. >> the picture of diversity up here now. let's talk about diversity. the president has got an a lot of criticism for his senior cabinet picks, right? appears to be all white men here, senior adviser, valerie jarrett, an african-american woman, said this to cnn earlier today. let's take a listen. >> his cabinet, when he is finished, and he is far from finished, will have diversity, including women, including people of color. he believes makes his best decisions when he is surrounded by people who have different perspectives and give him their best ideas. and so, one picture does not speak 1,000 words in this instance. i spent a lot of
the world is unraveling in front of us, the economy still in tough shape. president obama has a tough hand of cards to play here. >> congress is as popular as a root canal. only 7% of the american people have approvehood of congress. i think this president is going to get off to a great start tomorrow. congratulations, barack obama, the people are very excited to be here in washington, d.c. >> congratulations. on that we agree. >> the picture of diversity up here now. let's...
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Jan 20, 2013
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first saw the poll numbers that you just put up on the screen and i thought, well you know what the economy is still bad there's 7.8% unemployment, underemployment is also skyrocketing. then my husband had to go look at the cross caps. >> i hate it when i look at that. >> toad look at the science. toad read the numbers. you had a great point. you did discover something that is noteworthy. >> if you break it down, the real news here is the polarization. i mean, 76% of democrats thing thinks are going very well. only 28% of republicans. just another reminder of how drunk we are on partisanship. >> that partisanship or is it that democrats are glass half-full and republicans are glass half-empty? >> marg is a great very glass half-full republican. >> reagan was a sunny optimist you can the eternal optimist. >> he was. it does speak to how our partisanship fueled our perceptions, looking at the same data. >> let's talk about this thing about monarch, king conflict that many republicans say the president has. i want to get this quote. here's what republican senator rand paul says. he said, gop s
first saw the poll numbers that you just put up on the screen and i thought, well you know what the economy is still bad there's 7.8% unemployment, underemployment is also skyrocketing. then my husband had to go look at the cross caps. >> i hate it when i look at that. >> toad look at the science. toad read the numbers. you had a great point. you did discover something that is noteworthy. >> if you break it down, the real news here is the polarization. i mean, 76% of democrats...
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Jan 21, 2013
01/13
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. >> the president will either rise or fall above the economy. >> obama is off to a head start with current approval rating higher than first-term average, but he faces fightsory gun control and immigration reform. >> this is when presidents get tested. unexpected things happen and they have to react almost in real time on the spot. this is when we get to see the true character of a president. >> in the dedication of a nation. >> reporter: just 16 presidents have been elected to a second term, including some of the great ones. obama, the 17th, will now get his shot at greatness or not. >> and one of the highlights of the presidential inauguration are these huge star-studded parties. we'll take you inside the exclusive events after this quick break and it looks like the party has already started behind me. we'll be right back. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c
. >> the president will either rise or fall above the economy. >> obama is off to a head start with current approval rating higher than first-term average, but he faces fightsory gun control and immigration reform. >> this is when presidents get tested. unexpected things happen and they have to react almost in real time on the spot. this is when we get to see the true character of a president. >> in the dedication of a nation. >> reporter: just 16 presidents have...
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Jan 20, 2013
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the amount of debt that -- >> that's the economy, exactly. i think what's interesting and what i'm looking to see is, what exactly does this vaunted pivot to asia mean? does that mean they're going to take their eye off other crucial areas, like what's happens in africa with the al qaeda affiliates. what about the peace situation in israel? the truth of the matter is unless israel/palestine is fixed and solved, many of these neighboring countries are going to feel the reverberations. >> should that would be a priority? >> i think so. and so do many people who cover that region. it will take political capital and political courage. without a vested u.s. presidential involvement that is really consistent and persistent, not much is going to change. and previous histories have shown when the u.s. president is really into it, things do change. but i think come back to afghanistan, the president wants to get out of that country and is, 2014 will be the out date. this is where al qaeda started. and people are concerned that the u.s. and other force
the amount of debt that -- >> that's the economy, exactly. i think what's interesting and what i'm looking to see is, what exactly does this vaunted pivot to asia mean? does that mean they're going to take their eye off other crucial areas, like what's happens in africa with the al qaeda affiliates. what about the peace situation in israel? the truth of the matter is unless israel/palestine is fixed and solved, many of these neighboring countries are going to feel the reverberations....
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Jan 19, 2013
01/13
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and -- but the economy, we've had a tough four years. and she's known for wearing her fashions over and over again. i wonder whether she'll make a fashion statement and wear a dress she's already worn. >> now that would be a big statement because she certainly hasn't been afraid to do that before. >> exactly. >> let me ask you about something from back from 2008. she wore this lemongrass-colored outfit designed by a cuban american designer actually, isabelle toledo. was that a good choice do you think? is that a good dress for her? >> you know, it was funny because a lot of people had a lot to say about there particular outfit. you know, it was her first term as first lady, as well. and you're out making a statement. now, it was both conservative, yet the color was a little different. you know, it's not necessarily everybody's cup of tea. but the point is, she liked it. and i think that was the statement there, that she was saying, i'm going to be wearing what i like to wear. what i'm comfortable in. and that's what it's about. fashion i
and -- but the economy, we've had a tough four years. and she's known for wearing her fashions over and over again. i wonder whether she'll make a fashion statement and wear a dress she's already worn. >> now that would be a big statement because she certainly hasn't been afraid to do that before. >> exactly. >> let me ask you about something from back from 2008. she wore this lemongrass-colored outfit designed by a cuban american designer actually, isabelle toledo. was that a...
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Jan 19, 2013
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temperature of the global economy. i'll be thousands of miles away but not going to forget about my job. my fox will be on what role the u.s. plays in the global economy and what 2013 is going to look like to the global business elite because their decisions will have an impact on investment and job creation right here in the united states. if you've got questions you want me to ask, you're unclear how the u.s. fits into the global economy right now, hit me up before i go or while i'm there. and tune in here saturdays as the 1:00 p.m. eastern, suns at 3:00. thanks for joining the conversation here on "your $$$$$" and have a fantastic $$$$$" and have a fantastic weekend. -- captions by vitac -- www.vitac.com >>> a beautiful day on the national mall. hello, everyone. it's 2:00 on the east coast. 11:00 a.m. out west. thank you for joining us. i'm kate bolduan. >> i'm john berman. great to see you here today. we are live in washington, d.c., covering a huge event for this city and a huge event for the entire country. presi
temperature of the global economy. i'll be thousands of miles away but not going to forget about my job. my fox will be on what role the u.s. plays in the global economy and what 2013 is going to look like to the global business elite because their decisions will have an impact on investment and job creation right here in the united states. if you've got questions you want me to ask, you're unclear how the u.s. fits into the global economy right now, hit me up before i go or while i'm there....
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Jan 19, 2013
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the economy was struggling. and he did not give a speech that was designed to say, heal the nation's wounds and bring the nation together. he gave a surprisingly polarizing speech saying we have a ways to go. we have got a -- it's not about more for those who already have much. it's about helping those who have nothing. it was called the one-third of the nation speech, because he pointed out, look, we are not at the promised land, i see a nation that has a long way to go. do we quit now. i expect actually, look barack obama's main goal is to democratic house in two years. unless he does that, he will not legislatively anything that he wants. so, if that is -- we are going to see a test of that in this speech and we will see a test of that in the first few days of the administration. if the agenda is polarizing, then we see himming looking at 2015. >> van, do not go too far, when we come back, a rare look inside a place few people have ever seen before. an historic part of the u.s. capitol, stand by. ♪ [ male a
the economy was struggling. and he did not give a speech that was designed to say, heal the nation's wounds and bring the nation together. he gave a surprisingly polarizing speech saying we have a ways to go. we have got a -- it's not about more for those who already have much. it's about helping those who have nothing. it was called the one-third of the nation speech, because he pointed out, look, we are not at the promised land, i see a nation that has a long way to go. do we quit now. i...
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Jan 21, 2013
01/13
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you know, both gentlemen agreed that tackling the economy was first priority. they said in order for president barack obama to leave the democratic party stronger, he has to pass immigration reform. that's what you were talking about a while ago. >> isn't that one of the big questions? is his goal his legacy? or is his goal a democratic legacy? >> one guy said within a year. have you a year to really make your mark. the other guy said maybe two years. >> get into the six-year itch in washington. soledad, the first key comes from the president today in the speech that he gives right where you are later today. >> that's absolutely right. you pose a great question. let's pose it to newark mayor cory booker. does the president focus on his own agenda or focus on really helping democrats down the way? we'll talk about that, when we come back from commercial break in a moment. also, we'll talk about the supreme court justice sonia sotomayor, talking about her story, going from projects to the capitol. can she remain unbiased? our one-on-one conversation, straight ahe
you know, both gentlemen agreed that tackling the economy was first priority. they said in order for president barack obama to leave the democratic party stronger, he has to pass immigration reform. that's what you were talking about a while ago. >> isn't that one of the big questions? is his goal his legacy? or is his goal a democratic legacy? >> one guy said within a year. have you a year to really make your mark. the other guy said maybe two years. >> get into the six-year...
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Jan 21, 2013
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> mr. president. >> mr. president. how are you doing? hey, mr. president. mrs. obama. i don't know if they see me. >> i don't think they saw me. maybe they did. i don't know. >> there were a lot of people. >> they were standing there. we stood up. there you were. you were down on the other side. >> i was down on the rolling flatbed truck with the rest of the media watching you and saying i thought i was making a ham out of myself. >> he wasn't saying anything to us at all. >> it goes to show you we'll stop at nothing, wolf, to get the story. >> exactly what wolf was thinking. >> it was great. >> historic day. a presidential inaugural is a highly, ly coreographed and well planned event. >> it is. >> reporter: it was a day that got off with a bang. not that bang, the bangs on michelle obama. >> and the bangs. let's not forget the bangs. >> reporter: it was also a day of odd couples. beyonce and jay-z rubbing shoulders with newt gingrich and calis cali
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> mr. president. >> mr. president. how are you doing? hey, mr. president. mrs. obama. i don't know if they see me. >> i don't think they saw me. maybe they did. i don't know. >> there were a lot of people. >> they were standing there. we stood up. there you were. you were down on the other side. >> i was down on the rolling...
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Jan 19, 2013
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fits into the global economy right now, hit me up before i go or while i'm there. and tune in here saturdays as the 1:00 p.m. eastern, suns at 3:00. thanks for joining the conversation here on "your $$$$$" and have a fantastic $$$$$" and have a fantastic weekend. -- captions by vitac -- www.vitac.com >>> a beautiful day on the national mall. hello, everyone. it's 2:00 on the east coast. 11:00 a.m. out west. thank you for joining us. i'm kate bolduan. >> i'm john berman. great to see you here today. we are live in washington, d.c., covering a huge event for this city and a huge event for the entire country. president barack obama's second inauguration. >> you can just see the beautiful picture behind us. so much going on around the nation's capital this weekend. cnn you can be sure is covering it all. parades, concerts, and religious services all of it leading up to the big main event, president obama's inauguration ceremony coming up on monday highlights of that event, the swearing in, of course, and the inaugural speech. white house correspondent brianna keilar jo
fits into the global economy right now, hit me up before i go or while i'm there. and tune in here saturdays as the 1:00 p.m. eastern, suns at 3:00. thanks for joining the conversation here on "your $$$$$" and have a fantastic $$$$$" and have a fantastic weekend. -- captions by vitac -- www.vitac.com >>> a beautiful day on the national mall. hello, everyone. it's 2:00 on the east coast. 11:00 a.m. out west. thank you for joining us. i'm kate bolduan. >> i'm john...
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Jan 21, 2013
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the economy in a mess, the wars. now he's out there on his own. we'll have to see how it goes. >> i think it was a very aggressive obama speech. >> he's making a bet that america's turning a corner. if we could show, if i could ask our great folks in the control room, to show the wide shot again. the white house. you see across the river. as the sun sets there. i remember standing in that park on 9/11 and watching the smoke. you see the top right of your screen. i remember we were evacuated from the white house on 9/11 and watching the smoke come up from the pentagon in what would be the top right of your screen there. the president in his speech today talked about the war is over. a decade of war is ending. >> yes. >> he is making a bet that america cannot retreat from the world but, heck, can have a different engagement with the world. that both changes foreign policy but it also potentially frees up resources in domestic policy. >> he can use that as a springboard to say now that we have the opportunity, we must seize the moment. he's got this
the economy in a mess, the wars. now he's out there on his own. we'll have to see how it goes. >> i think it was a very aggressive obama speech. >> he's making a bet that america's turning a corner. if we could show, if i could ask our great folks in the control room, to show the wide shot again. the white house. you see across the river. as the sun sets there. i remember standing in that park on 9/11 and watching the smoke. you see the top right of your screen. i remember we were...
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Jan 21, 2013
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echoes of fdr, a fighting president who also had a long-term stagnant economy. this was a guy who is ready to go to combat, and he said, look, you both were great but i now need your voices. >> alex brings up history. let's check with h.w. brands. he's a professor and author from the university of texas. i'm curious about your viewpoint on this speech from a historical perspective. >> a couple things. i was struck by the fairly combative tone the president took. it's really clear he's not backing down from the fact that he won the election, so he's going to govern because he won. he and the other people in office took the oath to god and his country. he tried to reach over the heads of his opposition by repeatedly calling to the people. fellow citizens, fellow citizens, we need to do this. i think perhaps the most important part of the speech is one that's gone comparatively unremarked so far, and that is his review to his predecessors for what he called his declaration of war and his belief that the united states does not have to seek a policy of perpetual war,
echoes of fdr, a fighting president who also had a long-term stagnant economy. this was a guy who is ready to go to combat, and he said, look, you both were great but i now need your voices. >> alex brings up history. let's check with h.w. brands. he's a professor and author from the university of texas. i'm curious about your viewpoint on this speech from a historical perspective. >> a couple things. i was struck by the fairly combative tone the president took. it's really clear...
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Jan 14, 2013
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but they will not collect a ransom in exchange for not crashing the american economy. >> also, need to tell you the president did speak about his gun violence effort. he's had the package put together by the vice president is on his desk today. and he will talk about it a little later on this week. want to bring in two people here, ali velshi with me from new york, and gloria borger there in our nation's capital, to you both welcome. ali, it has been more than a year since that whole previous debt limit debacle. and i know you are saying, especially comparing this to what we just saw on new year's day with the fiscal cliff, this is going to be much, much worse, much bigger deal. talk to me about what we're debating or as the president puts it not debating? >> what we're debating or not debating is the idea that the debt ceiling in the united states is a very unusual tool, only one other country has it. and it is because what used to happen is whenever the government needed to spend money, particularly when you're in a deficit, the treasury of the united states would ha
but they will not collect a ransom in exchange for not crashing the american economy. >> also, need to tell you the president did speak about his gun violence effort. he's had the package put together by the vice president is on his desk today. and he will talk about it a little later on this week. want to bring in two people here, ali velshi with me from new york, and gloria borger there in our nation's capital, to you both welcome. ali, it has been more than a year since that whole...
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Jan 14, 2013
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the 2013 ram 1500 with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. >> welcome back. we're coming to you this morning live from newtown, connecticut. today marks one month since the tragic shootings that took so many young lives and so many lives overall. vice president joe biden is going to be meeting with the house of representatives, and finalize the recommendations that he'll give based on meetings that he has had with his gun task force and groups across the country. he is expected to recommend a couple of things. universal background checks and limiting high capacity magazines as well as encouraging more research into links between violent media and gun violence. >> first of all, it's sobering to be in this place here at this time. i just want to say that. i think the president is going to be more aggressive here in his second term on this. i mean, gun control is an issue that divides the country very closely. i think almost exactly in half. the reality is that the half of the c
the 2013 ram 1500 with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. >> welcome back. we're coming to you this morning live from newtown, connecticut. today marks one month since the tragic shootings that took so many young lives and so many lives overall. vice president joe biden is going to be meeting with the house of representatives, and finalize the recommendations that he'll give based on...
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Jan 17, 2013
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economy in 2013. real gdp growth in the nine states in the first half of 2013 before below 2% accelerating to 2.6% in the fourth quarter. the committee believes that the combination of tax hikes, a prolonged fight or the debt ceiling, and the possibility of severe spending cuts in 2013 have the potential to really stop this recovery in its tracks. one thing you will notice from our forecast table is that the recession probabilities from the committee are higher than normal. we still have the probability of a recession at 23% and for 2014, 20%. that is a little bit higher than what we typically see. we think the private sector is poised for sustainable growth. i think the housing numbers point to one area of strength, the housing market. the tax hikes at the start of 2013 will create a drag on gdp of at least 1.25%. the potential for additional budget and spending cuts from sequestration could add to the downside risks. we think resolving the debt ceiling in a timely manner and providing more clarity o
economy in 2013. real gdp growth in the nine states in the first half of 2013 before below 2% accelerating to 2.6% in the fourth quarter. the committee believes that the combination of tax hikes, a prolonged fight or the debt ceiling, and the possibility of severe spending cuts in 2013 have the potential to really stop this recovery in its tracks. one thing you will notice from our forecast table is that the recession probabilities from the committee are higher than normal. we still have the...
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Jan 18, 2013
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economy in 2013. real gdp growth in the nine states in the first half of 2013 will be below 2% before accelerating to 2.6% in the fourth quarter. the committee believes that the combination of tax hikes, a prolonged fight over the debt ceiling, and the possibility of severe spending cuts in 2013 have the potential to really stop this recovery in its tracks. one thing you will notice from our forecast table is that the recession probabilities from the committee are higher than normal. we still have the probability of a recession at 23% and for 2014, 20%. that is a little bit higher than what we typically see. we think the private sector is poised for sustainable growth. i think the housing numbers point to one area of strength, the housing market. the tax hikes at the start of 2013 will create a drag on gdp of at least 1.25%. the potential for additional budget and spending cuts from sequestration could add to the downside risks. we think resolving the debt ceiling in a timely manner and providing more
economy in 2013. real gdp growth in the nine states in the first half of 2013 will be below 2% before accelerating to 2.6% in the fourth quarter. the committee believes that the combination of tax hikes, a prolonged fight over the debt ceiling, and the possibility of severe spending cuts in 2013 have the potential to really stop this recovery in its tracks. one thing you will notice from our forecast table is that the recession probabilities from the committee are higher than normal. we still...
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Jan 20, 2013
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the state of the economy calls for action, bold and swift. we will act not only to create new jobs, but to lay a new foundation for growth. we will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. we'll restore science to its rightful place and wield technology's wonders to raise health care's quality and lower its costs. we'll harness harness the sun and the winds and the soil to fuel our cars and run our factories. and we will transform our schools and colleges and universities to meet the demands of a new age. all this we can do. all this we will do. now, there are some who question the scale of our ambitions, who suggest that our system cannot tolerate too many big plans. their memories are short. they have forgotten what this country has already done, what free men and women can achieve when imagination is joined to common purpose and necessity to courage. what the cynics that to understand is that the ground has shifted beneath them, that the stale political arguments that ha
the state of the economy calls for action, bold and swift. we will act not only to create new jobs, but to lay a new foundation for growth. we will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. we'll restore science to its rightful place and wield technology's wonders to raise health care's quality and lower its costs. we'll harness harness the sun and the winds and the soil to fuel our cars and run our factories. and we will...
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Jan 15, 2013
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we need to diversify our local economy in virginia. i hope we can work with both of our senators to get this done. host: we are talking with representative scott rigell. this is a headline in "the washington post." she talks about a new freshman class of republicans and your class as well that had been a headache for the speaker. there will be a test on tuesday. where do you come down on this? guest: i think we have been good for the speaker. i am not dodging the questione. everybody needs to shoot straight. i do not know how i will vote on the particular bill. it has only come out in the last day or so. we have not anticipated and planned for these type of natural disasters. you would think we would have budgeted enough. either we're not done a good estimates or we are spending far more than we should. i will be evaluating that. i know there will be some amendments. there are some things that i don't think most americans would not funded. therein lies the challenge. every bill we vote on on typically has some things that are good and
we need to diversify our local economy in virginia. i hope we can work with both of our senators to get this done. host: we are talking with representative scott rigell. this is a headline in "the washington post." she talks about a new freshman class of republicans and your class as well that had been a headache for the speaker. there will be a test on tuesday. where do you come down on this? guest: i think we have been good for the speaker. i am not dodging the questione. everybody...
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Jan 20, 2013
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federal spending is dragging our economy down rather than lifting our families up. it is time for democrats and republicans to work together to get our nation and families back on track. every family and every business has a budget. our nation should have a budget as well. every year, the president is required by law to submit a budget by february 4. for the fourth time in five years, they will be late to submitting a budget to your representatives. unfortunately, the president has missed more budget deadlines than any of his predecessors. aey're supposed to submit budget. 1361 days to be exact. this is not the result of washington gridlock. majority leader harry lee said it would be foolish to produce a budget. we disagreed. with more than $16 trillion in debt, we believe it is foolish to not have a budget. in the house, we believe we need to pass a budget on time. we need to moderate spending, a our bills, keep the government running. we need a plan to slowly on the but surely walk our nation out of debt, deficit, and decline. this debatealf, -- is often argued in
federal spending is dragging our economy down rather than lifting our families up. it is time for democrats and republicans to work together to get our nation and families back on track. every family and every business has a budget. our nation should have a budget as well. every year, the president is required by law to submit a budget by february 4. for the fourth time in five years, they will be late to submitting a budget to your representatives. unfortunately, the president has missed more...
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Jan 18, 2013
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host: the budget, economy, guns. presidentr from vice- biden in a few minutes as he addresses the gun issue. our phone lines are open. you can send us the e-mail or join us on our twitter page. let me ask you both about what is happening in number of other cities. harrisburg, pennsylvania. you talk about infrastructure. facing or discussing the possibility of bankruptcy. as you look at what other cities are dealing with, what lessons can you apply to your respective cities? guest: scranton, harrisburg, bernadine no -- san bernardino -- these are the exceptions. we are in fairly good financial shape. the biggest challenges we have a are the same as a lot of others. business, pension debt. that seems to be the one factor of many of these cities. host: how much goes to a pension? how much is taken off the top before you can do anything? guest: in most cities, 70% + goes to public safety or more. 70 plus percent side of any department -- you can imagine what that does to a city budget. in mesa, with a debate on the publi
host: the budget, economy, guns. presidentr from vice- biden in a few minutes as he addresses the gun issue. our phone lines are open. you can send us the e-mail or join us on our twitter page. let me ask you both about what is happening in number of other cities. harrisburg, pennsylvania. you talk about infrastructure. facing or discussing the possibility of bankruptcy. as you look at what other cities are dealing with, what lessons can you apply to your respective cities? guest: scranton,...